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Search Results 0 to 34 of about 35 (some duplicates have been removed)
in the first place. t >> tom: in cities across the u.s., the biggest mortgage lender, wells fargo looking to mend its image after accusations it steered minority homebuyers into sub-prime loans. the bank's strategy is to help certain home buyers with their down payments. as diane eastabook reports cities like chicago are hoping the grants could be a first step in turning around distressed neighborhoods. >> all of you out there probably know what your numbers are. >> reporter: these chicagoans are lining up for what could be a chance of a lifetime. they're applying for $15,000 grants to be used for the purchase of a home. the money is coming from wells fargo and it's part of multi- million dollar national fair lending settlement between the bank, the u.s. justice department, and several states including illinois. >> the programs desire and intent was not only to spark not only the market, but to spark people's imagination to get them interested in buying a home again. >> reporter: the $8 million set aside for the chicago grants could help revitalize neighborhoods hard hit by the housing cr
experienced. our first responders have been doing a heroic job protecting our city and saving lives. they are still sitting lives and conducting search and rescue missions and we owe them an enormous debt of gratitude. >> good morning, america -- breaking news, a perfect storm. gregg's america -- >> americans woke up to find it all too real. >> a record-breaking loss of power. >> on manhattan island, they are reeling from what happened. >> there is nothing but you can do. the water is just going to come. it is too strong. you have to stand there and let it happen. >> it is a post apocalyptic scene cars swept down the avenue by the force of the water. debris everywhere. she care of believe what she saw. >> can you describe what happened to? gregg's a lot of water. -- >> i lot of water flowing all over. the transistors are blowing up. >> manhattan is the unusually quiet today. swollen waters rose one began with high tide. -- once again with the high tide. >> this gives you an idea of the massive disruption is still causing. >> the subway is paralyzed. and there are no bosses. -- no bu
? >> no. we are going into a new country, we will want to establish first in the city before we will extend into a resort,. >> us to get a foothold, but, no, they are both viable, they are both part of the company's needs. we must have product of both in most major cities and most countries. >> rose: when you decided to give up the ceo job -- >> well, i -- you know, from day one i have always been in control of my destiny and. >> rose: i prefer that too. >> yes. and that's a privilege. but, you know, it is inevitable and i knew my major responsibility -- well look the company has been my life and it is something i have got my -- everything invested in my life in it. so as every ceo's role is to plan for succession. >> rose: right. >> the expected and the unexpected so i had planned this over many years, i enjoy what i was doing so it wasn't a question of firing the, retiring but i wanted to transition of leadership while i was still hell any and around to be able to assist. >> rose: right. and fortunately, we have got many people who have devoted the better part of their workin
central kismayo two days after al shabaab fighters went in the region. they're patrolling the city's main roads for the first time. kismayo was al shabaab's largest strong hold and one of the largest sources of funding. at least eight people have been killed and 40 injured after a ferry sarning off the coast of hong kong. around 120 were onboard when at the collided with a tug boat near lamma island. they were going to view a fire work display to mark china's national day. iran's currentsy has fallen to a record low against the dollar. at one point on monday they lost 18% of its value. analysts say there's growing evidence that international sanctions over tehran's nuclear program are damaging the economy. now to the presidential race here in the u.s. and both mitt romney and barack obama are busy swatting up and rehearsing for the first television debate this wednesday. polls show the republican candidate is trailing president obama in the crucial swing states. one of them is of course ohio where early voting gets under way tomorrow. from there our north america editor reports. >> ♪ t
to be a shift in preferences among young, potential homebuyers to live closer to the city or in the first ring of suburbs. many of them are looking to stay in apartments living rather than having a home further out where they need a car to get any where. they would have more of a mortgage they would be tied into. >> reporter: on the flip side, public spending on construction has fallen sharply. it's down 3.5% from a year ago, as state and local governments tighten their belts. the construction industry is hoping next year will be better for hiring than this one. many u.s. businesses have put projects on hold, due to political uncertainty, and worries about the fiscal cliff. but the most important factor is the economy: >> you might expect that as the housing recovery gets a little bit of pace over the next year or so, that should translate into stronger hiring going forward. we are not going to return to levels we were at before the recession, the housing sector is not going to be that big again. but the trend should be up. >> reporter: if construction improves, it's good for the economy as a
these hospitals in the inner cities are up against every day? >> the antenna first went up for me, my wife and i first came out of graduate school, the same grad with school at uc berkeley. i came out with journalism and she came out with speech. she would come home with stories of her patients that were quite remarkable and surprising to me. one of them i remember. there was this guy and he was a drummer in this village in east africa and he was a legend, like bob marley. he was in the hospital and people came, they brought food, brought their drums, they would break out into song. this guy was just a statistic, just a headline, somebody that no one would ever get to know. that got me thinking about how many more people there were like this guy, whose stories were never told. outside the context of the health-care debate, i was interested in the stories of the community and what they were going through day-to-day. that began the exploration and development of the idea that eventually became the film. tavis: i was fascinated when i got a chance to look at it. you basically follow for five differ
. things like -- in terms of demography, five million people moved from the countryside to the cities in the first five years of this decade. the levels of -- sorry 20 million people. that's more -- that's more than across the atlantic in 100 years for 1920. there's democrat graphic change, there's inequality you look at the princelings are extremely rich and -- >> rose: so is the issue will there be jobs and opportunity when they get to the urban area and will they be able to sustain the economic growth to provide that and if they can't does it unleash a kind of social conflict that will consume -- >> it's both. there are some political reforms you need do with it. you need the issues of taking on the vested interests. >> what you're finding is that there's a war for talent in chinese. difficult for people to stay and work for you. the younger generation in terms of the rural migration, they are not as satisfied as their parents were coming in off the farms and working in a sweatshop. they demand better jobs and so you might say this is a good sweatshop job, it's good as being an ind
.b.r." washington. >> tom: our coverage of freelancers continues tomorrow in new york city. where they're breaking ground on the first medical facility dedicated to freelance workers. we'll show you why it's not like your typical doctor's office. also tomorrow, some big earnings after the bell, microsoft and google. we'll have results. >> susie: if you watched last night's presidential debate, you heard both president obama and governor romney talk about their efforts to help small businesses. but when it comes to creating jobs, tonight's commentator says not all small businesses are created equal. here's "inc." editor-in-chief, eric schurenberg. >> reporter: you may not have a clue about economics, but if you've been listening to politicians this year, you know one thing: small businesses create jobs. clear the way for mom-and-pop owners and we'll be back at 4% unemployment in no time. only problem is, that's wrong. now, small businesses are great, but it should be obvious that putting a dry cleaner or a real estate broker on every corner is not going to save the economy. like big companies, th
to the study. doctor stephen kingsmore led the research team at children's mercy hospitals in kansas city. he's the director for the center for pediatric genomic medicine there. dr. kingsmore, welcome, and thank you for being with us. first of all,-- >> thank you very much. >> warner: how big a breakthrough is this? >> this is a big breakthrough. we've been working toward this goal for a coup of years now. there has been a big gap between the knowledge that we have of genetic diseases, about 35% of them, and the ability for doctors to identify which of these was a problem in any given child with an illness. >> warner: and up until now, how much have you been able to diagnose the d.n.a. abnormalities? how quickly? i mean, i said it can take weeks and weeks, but what's the process that's making it so slow now? >> well, typically, the way that this has been tested is for a doctor to pick the leading candidate gene or part of the d.n.a. code, and to look at just that. it's kind of like fishing with a single fishing line. it can take months. sometimes it takes five years to make a diagnosis. and d
to $603 a month. there's a reason the freelancers union picked brooklyn for its first medical facility. the number of freelancers in this new york city borough has increased 3,000% in the past decade. david himmelstein is a professor c public health at hunter college, and thinks the clinic is a good idea. his concern is whether the union's insurance plan can survive. >> when you set up an insurance plan and say anyone can join, basically you are likely to attract sick older people who can't get insurance elsewhere in the system. and over the long term, that has doomed similar insurance efforts in the past. >> reporter: but the freelancers union hopes its holistic approach to medicine and emphasis on preventive care will help lower healthcare costs. and that's good for insurance company and patient alike. >> this can really give people the kind of care they need, and it can also be much more economical, so we can make freelancers' dollars go further. >> reporter: if the pilot is successful, the freelancers union hopes to expand to other cities around the country. erika miller, nbr, broo
central park the most deserving of all the city's cultural institutions, and said his grandparents had their first date there. paulson's known for making billions by betting on the collapse of the housing market. >> susie: lovely donation. >> tom: that's "nightly business report" for tuesday, october 23. good night, susie, and good night, everyone. >> susie: good night, tom. thanks for watching, everyone. we'll see you online at, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh l >> join us anytime at there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page-- bizrpt.t.izrpn twte@biz.
after the election of the city's first black mayor, harold washington. >> ...have joined hands to form a new democratic coalition... (applause and cheers) >> i think that the fact that chicago had elected an african-american mayor in harold washington sort of emphasized with barack that he was coming to a city where blacks were a major presence and had some significance. >> narrator: washington's politics were a living example of what obama was looking for. >> what washington was able to do was to put together these coalitions-- african-americans, latinos and progressive whites. and he was able to pull that together and beat the machine. >> god bless you all and thank you from the bottom of my heart. >> and that kind of coalition building was incredibly influential for barack. >> narrator: obama's laboratory would be the city's south side. >> we had put an ad in a number of newspapers founa atmmcoity organizer in the south side of chicago. i'm looking for anybody who might be a good organizer, but i particularly need somebody who's african-american. >> and obama at that period of time,
-- europe's troubles; destruction in an ancient syrian city; and the world's oldest playable recording. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: hurricane "sandy" beat a path across eastern cuba and the bahamas today as a category-2 storm. it's being blamed for at least four deaths so far. "sandy" brought strong surf, heavy rain and winds topping 105 miles an hour, and it left behind a trail of downed power lines and uprooted trees. the edges of the storm will likely bring tropical storm conditions to southeast florida, and, as it moves north, the mid- atlantic and northeast could also feel the effects through early next week. forecasters are also predicting "sandy" could collide with a blast of arctic air from the north, creating conditions for a super storm along the east coast. a new wave of ethnic violence has erupted across western myanmar, killing at least 56 people. dozens more were wounded in the clashes between buddhists and muslims. the violence re-ignited on sunday in rakhine state, triggering the worst fighting the country has seen sinc
. at the heart of the city, life is slowly returning to normal. new yorkers across the brooklyn bridge on a foot. michael bloomberg sounded a defiant first belt of a reopened stock exchange. the message from the mayor is that the big apple is open for business. that only tells part of the story. in the greater new york area, there is still many many homes without power. the subway network is shut down. this is the scene at one subway station where monday night the waters rose from track to ceiling. parts of the network will reopen tomorrow. this is a city that has survived or stand sandy. hear, all along on the eastern seaboard. questions to test those who would lead america. >> questions indeed. for the very latest, we can go to jane hill. as steve was reported, the city is starting to get back to life. i am not sure this will be a new york that we all know. >> no, it is a very peculiar feeling. we are very near battery park on the southern tip of manhattan. this is the battery under park, one of the seven main passes through the city. four out of seven of these tunnels are still full of water.
and the devastation is mounting. aleppo is a city under siege. the fighting is now street by street, house by house. the fighters have been calling for outside help for many months. for the first time, a strong indication they're getting it. the ukrainian weapons firms made the box and its contents for the royal saudi army. how would ended up in the roiled -- in a rebel base in aleppo is not clear. interests, both sides get help from abroad in a proxy war that threatens a fragile region. the atmosphere on the front line is incredibly tense and almost eerily quiet. you can hear the sounds of battle still going on and the scars of this intense fighting are obvious everywhere. snipers have been shooting into this position. the mirror, the rebels have been using to get a sense of what is going on. you can see what the government response has ben, massive firepower to crush the rebellion. the rebels and residents have no answer to a barrage of artillery that does not discriminate between the fighter and civilian. the fighters tried to move on seen towards loyalists forces. despite its overwhelming stren
're putting first responders at danger. >> ifill: on sunday things seemed less urgent for some, taking pictures at ocean city maryland. but by this afternoon, waves were pounding that beach. governor martin o'malley warned of much worse. >> we are ordering and urging all marylanders to stay off the roads for next 36 hours. there are very dangerous conditions out there. we ask you not to put yourselves or your family in jeopardy. >> ifill: norfolk, virginia also had flooding as the storm passed on sunday. in addition a number of states closed schools for at least two days. and canceled was the word of the day for air travel as well. with more than 7,000 flights grounded at east coast airports. >> i really hope that i get to get out of here before the heavy weather hits. i come from florida. so i'm kind of hoping just to get out of the way of the storm. >> ifill: but not everyone managed to get out of the way. the coast guard rescued 14 crew members from a replica tall ship, the h.m.; bounty sailing off cape hatteras north carolina. two were still missing. for more about the hurricane an
tavis: good evening. from los angeles, i am tavis smiley. tonight a conversation with the first african-american woman to win best director at the sundance film festival. her project is the film "middle of nowhere." it opens this weekend in new york, l.a., and other select cities. we're glad you joined us. a conversation with filmmaker ava duvernay coming up right now. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: ava duvernay became the first african-american woman to win best director at this year's sundance film festival. the movie is set in south l.a. and looks at the life of a woman whose husband is sentenced to eight years in prison. here are some scenes from "middle of nowhere." >> d
, on her way home from school, in the northeastern city of mingora, in pakistan's swat valley. at a military hospital in peshawar, doctors removed a bullet from her neck. the attack drew worldwide condemnation. speaking at the state department on the first ever international day of the girl, secretary of state hillary clinton said yousufzai is a brave young woman. >> yesterday's attack reminds us of the challenges that girls face, whether it is poverty or marginalization or even violence just for speaking out for their basic rights. >> woodruff: the taliban called the teenager's work an obscenity and pledged to make a new attempt to kill her, if she survives. for more on all of this we turn to "newshour" special correspondent saima mohsin. i spoke to her a short while ago from islamabad, pakistan. saima mohsin, welcome. first of all, we know the taliban are claiming responsibility. what more do we know about that? >> reporter: yes, the taliban have released a statement accepting responsibility and saying this is because they believe malala yousufzai, this 14-year-old girl from
-fought massachusetts senate race, and other congressional contests to watch; plus, new clashes in the syrian city of aleppo; the record- breaking sky jump; and the legacy of arlen specter. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: two americans won the 2012 nobel prize in economics today for research on market design and matching. it affects everything from placing doctors in the right hospitals to pairing students with the schools they most want. the honorees are alvin roth of harvard university, and currently a visiting professor at stanford university, and lloyd shapley, a professor emeritus at the university of california los angeles. wall street had a strong start to the week on news of rising retail sales and better-than- expected earnings at citigroup. the dow jones industrial average gained 95 points to close at 13,424. the nasdaq rose 20 points to close at 3064. a 14-year-old pakistani girl who was shot by a taliban gunman was flown to england today for medical treatment. we have a report from lindsey hilsum of independent television news. >> reporter
. paul, how are things going at fedex, and are you getting any planes into the metro-new york city area? >> good afternoon. it's a great news story for fedex. we've restarted our air operation into the newark metro area. and, in fact, we were the first jets to land in newark this morning, and since then, we've put over a dozen airplanes into that and j.f.k. >> susie: la guardia is still under water, how that is impacting your operations? >> we don't have scheduled operations into la guardia, we're scheduled in j.f.k. and newark. so we're in good shape in j.f.k., but our people are at work and sorting packages. >> susie: even though the planes are getting in, and the fedex messengers are getting out, there's a lot of that don't have power. how do you know whether you should be delivering a package or not? is this slowing you down? >> it is slowing us down. our team members are affected by the same transportation limit anticipations as everyone else in the region, and our fedex delivery stations are located in the neighborhood in which they deliver, so they have a good sense of what's ava
point to business journalism-- which i thought of as a reporter when i first started, it changed in the mid-'70s with the arab oil embargo, the near bankruptcy of new york city and stagflation, that is inflation and recession at the same time. and all of a sudden business journalism became a front page story. and i saw that i was teaching at columbia at the time i was working at "businessweek" and i saw that happen. the idea of business today. if you had it to do over would you have gone into business or reporting? that's where you ended up. or would you have been more interested in international affairs. more interested in domestic politics? more interests in science? >> i lived and worked in london for a couple years so i had a taste of that and i was national affairs editor of "newsweek" so i had a taste of the politics. i would say that economics and business journalisim in the time that i was doing it was fabulous because we saw the emergence of china and india, we saw the tech revolution. when i became the editor of "businessweek," the chinese were wearing mao suits and the
communications from our studios in new york city, this is charlie rose. city, this is charlie rose. >> rose: we begin this evening with politics, governor romney was the clear winner last night in the first of the three presidential debates, his performance revived a campaign dogged by weakening poll numbers a candidate emerged that republicans hoped for, friends often describe but the electorate had yet to encounter. >> that was survey done of small businesses across the country, said what has been the effect of obama care on your hiring plans and three quarters of them said it makes us less likely to hire people. i just don't know how the president could come into office, facing 23 million people out of work, rising unemployment and economic crisis at the kitchen table and spend his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> i have my own plans, not the same as simpson-bowles but in my view the president should have grabbed it if he wanted to make adjustments take it, go to congress and fight it. >> that's what we have don
of qatar made a landmark trip to gaza today. it was the first visit by any head of state since hamas seized control there five years ago. gazans lined the main road to gaza city, as the emir waved at them from his car. he also met with hamas leaders and urged them to reconcile with the rival fatah faction, which rules the west bank. israel maintains a sea blockade of gaza, but qatar has promised to deliver hundreds of million dollars in aid by land route through egypt. those are some of the day's major stories. now, back to judy. >> woodruff: and we return to the final presidential debate with a closer look at the arguable statements made by both candidates. margaret warner has our report. >> warner: last night's final presidential debate took on a lo questions. and the answers at times raised further questions. as we did last week, today we reviewed some of what was said and how it matches the record. starting with mitt romney's charge that from the beginning of his term, president obama was apologizing overseas for america's actions. >> the president began what i've called an apology tour
a tent amid the pregame drilling at the viking football classic between elizabeth city state and sawnt augustine. registering new voters and bringing in actress journey smolet to mix with the crowd. 18-year-old sure petty was fired up by casting her first vote >> everybody is excitedded. everybody's really excited about getting obama in for a second term. >> brown: of course for mitt romney this is perhaps even more a must-win state. he's made numerous visits and republicans insist they won't let things slip away again. bob lockwood is communications director for the north carolina g.o.p. >> comparatively from where we were in 2008 to where we are now we've made 20 times the amount of phone calls, more than 100 times the amount of door knocks. over two million voter contacts more than we did in all of 2008 in north carolina. we're doing a great job getting our message out >> brown: one final wild card here the role that social issues might play. in may north carolina voters overwhelming passed a ban on same sex marriage. the very next day president obama announced that he supports gay
sponsored by rose communicationsÑi from our studios in new york city, this is charlie rose. >> rose: nancy pelosi is here, she is the minority leader of the house of representatives, she has served in congress for over 25 years, in 2007 became the first female speaker of the house, her commitment toçó democratic politics has made her one of the party's assets as november election approaches, democrats are hopeful they can take back control of the house, i am pleased to have her here back at the table. welcome. >> thank you, charlie. >> rose: you have been driving around, you have been in ten days in nine days, nine days, tet states, what is it you hear and see out there? i mean i realize and i expect you to say pro democratic party things, but what do you see? >> well, i see strong support for the president. there is really an understanding that in addition to his name being on the ballot and our names being on the ballot that some values are on the ballot that are very important, medicare is on the ballot, it survives in a -- >> rose: it is on the ballot because there is a clear since
in the dutch city of rotterdam. seven paintings were stolen, including works by monet, picass aisndam mat, seon, others. they're part of a private collection that was being exhibited publicly for the first time. police did not explain how the robbers managed it, but one museum security expert said they had to get through a sophisticated security system. >> the response was very quick. thieves were not able to steal many paintings but unfortunately they got out a few paintings. these paintings will remain on the crime scene for many many years, maybe because they can't sell them they might destroy them. again it's impossible to sell them. >> sreenivasan: the paintings hundreds of millions of dollars if they were sold legally. the c.e.o. of citigroup abruptly resigned today, effective immediately. vikram pandit and his chief operating officer, john havens, both stepped down. citigroup said michael corbat will step in as c.e.o. he had been the bank's chief executive for europe, the middle east and africa. the company gave no explanation for the sudden departures, but the "wall street journal" repo
Search Results 0 to 34 of about 35 (some duplicates have been removed)